Question: PLEASE ANSWER FAST WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an al-debt funding scenario. He will borrow $2,241

PLEASE ANSWER FAST

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an al-debt funding scenario. He will borrow $2,241 from Wendy, who will charge him 6% on the loan. He will also borrow $1,773 from Bebe, who will charge him 8% on the loan, and $986 from Shelly, who will charge him 14% on the loan What is the weighted average cost of capital for Eric? What is the weighted average cost of capital for Eric? % (Round to two decimal places.)

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